RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMSC
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A very strong day for American Superconductor Corporation stock price on Friday
(Updated on May 24, 2024)

Buy or Hold candidate since May 02, 2024 Gain 23.63% PDF

The American Superconductor Corporation stock price gained 6.29% on the last trading day (Friday, 24th May 2024), rising from $15.11 to $16.06. During the last trading day the stock fluctuated 5.45% from a day low at $15.23 to a day high of $16.06. The price has risen in 7 of the last 10 days and is up by 18.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 514 thousand shares were bought and sold for approximately $8.25 million.

The stock has broken the very wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $15.22, a level that may pose a second chance to hit a runner. According to fan-theory $18.67 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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AMSC Signals & Forecast

Mostly positive signals in the chart today. The American Superconductor Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.97 and $13.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 37.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for American Superconductor Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $14.35 and $14.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Superconductor Corporation finds support just below today's level at $14.35. If this is broken, then the next support from accumulated volume will be at $14.05 and $13.45.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.83 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 6.51%.

Our recommended stop-loss: $15.48 (-3.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (AMSC) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect American Superconductor Corporation to open at $15.78, and during the day (based on 14 day Average True Range), to move between $15.39 and $16.73, which gives a possible trading interval of +/-$0.667 (+/-4.15%) up or down from last closing price. If American Superconductor Corporation takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $14.35, some $1.71 (10.65%) from the current price of $16.06, our system finds the risk reward attractive.

Earnings coming up

American Superconductor Corporation will release earnings BMO on Wednesday, May 29, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for American Superconductor Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.62% in the first trading day after earnings release.

Is American Superconductor Corporation stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for American Superconductor Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.112 Strong Buy Candidate Upgraded

Predicted Opening Price for American Superconductor Corporation of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$15.78 ( 1.72%) $16.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMSC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.61 3.45 %
R2 16.30 1.47 %
R1 16.10 0.252 %
Current price: 16.06
Support S1 15.47 -3.70 %
S2 15.27 -4.92 %
S3 14.95 -6.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 16.06
Support S1 14.35 -10.65%
S2 14.05 -12.52%
S3 13.45 -16.25%

FAQ

What is the symbol for American Superconductor Corporation Stock and on which exchange is it traded?
The symbol for American Superconductor Corporation is AMSC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Superconductor Corporation Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for American Superconductor Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy American Superconductor Corporation Stock?
American Superconductor Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Superconductor Corporation Stock.

What's the current price of American Superconductor Corporation Stock?
As of the end of day on the May 24, 2024, the price of an American Superconductor Corporation (AMSC) share was $16.06.

What is the 52-week high and low for American Superconductor Corporation Stock?
The 52-week high for American Superconductor Corporation Stock is $17.37 and the 52-week low is $3.92.

What is the market capitalization of American Superconductor Corporation Stock?
As of the May 24, 2024, the market capitalization of American Superconductor Corporation is 580.351M.

When is the next earnings date for American Superconductor Corporation?
The upcoming earnings date for American Superconductor Corporation is May 29, 2024.
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About American Superconductor Corporation

American Superconductor American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides ... AMSC Profile

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